New York (HedgeCo.net) – We often hear it said that when a company is getting ready to release its most recent earnings report that they are “stepping into the earnings confessional”. Over the last week, many hedge fund managers of had to step into the results confessional and several high-profile funds have delivered bad news for investors. The results that were released on Tuesday did little to change the trend.

Ray Dalio and his Bridgewater Associates’ Pure Alpha II Fund lost 6.9% during the month of August. The fund is Bridgewater’s flagship fund and despite the loss the fund is still up 4.1% on the year. Mr. Dalio has now joined the list of fund managers reporting significant losses in August and that list includes David Einhorn and Daniel Loeb.

In a report from Reuters last week, Bridgewater’s All Weather Fund was reportedly down 4.2% in August and down 3.76% on the year.

Rick Pendergraft
Research Analyst
HedgeCoVest